Chinese town worker endowment insurance system of the combination of The social pooling and individual account worked nearly 20 years, in the process of implementing the system have some problems such as the pressure ...Chinese town worker endowment insurance system of the combination of The social pooling and individual account worked nearly 20 years, in the process of implementing the system have some problems such as the pressure pension payments, large number of outstanding transition costs, unclear property fights and individual account “empty” and so on. Because China＇ s capital market is not mature at the same time, lead to the real personal accounts funds also difficult to achieve their value. To solve this problem, on the basis of analyzing the necessity and feasibility of the nominal account system, summed up the after proper deformation and transformation, the “nominal account” is a transitional system arrangement for an alternative.展开更多
Ⅰ.IntroductionSince 1995,six Asian and European countries(Sweden,Italy,Latvia,Poland,Mongolia andKyrgyz Republic)have introduced variants of an in-novative new defined contribution(DC)security
The present paper reviews the social security pilot in Jilin and Hei Longjiang that was carried out between 2004 and 2005. The pilot in the two provinces has basically achieved its main objectives, but there are still...The present paper reviews the social security pilot in Jilin and Hei Longjiang that was carried out between 2004 and 2005. The pilot in the two provinces has basically achieved its main objectives, but there are still some unsolved problems, the most severe being lack of effective investment of the funds accumulated by individual accounts. During periods of high economic growth and high growth in average wages, this problem might undermine the partially-funded security system. To this end, the paper makes some suggestions, one of which is to introduce the notional defined contribution system.展开更多
文摘Chinese town worker endowment insurance system of the combination of The social pooling and individual account worked nearly 20 years, in the process of implementing the system have some problems such as the pressure pension payments, large number of outstanding transition costs, unclear property fights and individual account “empty” and so on. Because China＇ s capital market is not mature at the same time, lead to the real personal accounts funds also difficult to achieve their value. To solve this problem, on the basis of analyzing the necessity and feasibility of the nominal account system, summed up the after proper deformation and transformation, the “nominal account” is a transitional system arrangement for an alternative.
文摘Ⅰ.IntroductionSince 1995,six Asian and European countries(Sweden,Italy,Latvia,Poland,Mongolia andKyrgyz Republic)have introduced variants of an in-novative new defined contribution(DC)security
文摘The present paper reviews the social security pilot in Jilin and Hei Longjiang that was carried out between 2004 and 2005. The pilot in the two provinces has basically achieved its main objectives, but there are still some unsolved problems, the most severe being lack of effective investment of the funds accumulated by individual accounts. During periods of high economic growth and high growth in average wages, this problem might undermine the partially-funded security system. To this end, the paper makes some suggestions, one of which is to introduce the notional defined contribution system.
